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Asian markets trade mostly in green

22 Nov 2012 Evaluate

The Asian markets have made mostly a green start on Thursday. Japanese market has taken the lead as weaker yen boosted the outlook for country’s exporters. Though, the Chinese market was marginally in red but the traders in the region have taken encouragement with the flash PMI of China showing that the country’s manufacturing is poised to expand this month. According to a preliminary survey released by HSBC Holdings Plc and Markit Economics, the manufacturing expanded at 50.4 in November, compared with a final level of 49.5 for October. A reading above 50 indicates expansion.

Shanghai Composite was down by 8.10 points or 0.40% to 2,022.21 and KLSE Composite declined by 2.84 points or 0.17% to 1,620.13.

On the other hand, Hang Seng gained 95.99 points or 0.45% to 21,620.35, Jakarta Composite was up by 5.89 points or 0.14% to 4,323.16, Nikkei 225 surged by 94.54 points or 1.03% to 9,317.06, Straits Times gained 15.78 points or 0.53% to 2,976.08, Seoul Composite was up by 14.35 points or 0.76% to 1,898.39 and Taiwan Weighted was higher by 18.24 points or 0.26% to 7,106.73.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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